The sole criteria Equifax, Transunion & Experian employ in determining credit capacity is unused borrowing capacity of credit cards.

Approximately 1/3 of American homeowners own their primary residences w/ ‘clear title’ – they own their homesteads ‘free & clear.’ This ‘home equity’ appears to go unrecognized in the calculation of credit scores.

As easily as consumers reduce (& increase) their credit capacity on their credit cards, homeowners can – & do – reduce (&increase) the equity in their homes. Approximately 1/3 of American homeowners have significant ‘unused borrowing capacity’ available to them. Until home equity is included in calculating credits cores, Credit scores will inaccurately gauges the true credit capacity/ borrowing responsibility of 1/3 of American homeowners.

The implication: credit scores inaccurately under grade the credit capacity & risk of 1/3 of American homeowners (ie. those homeowners w/ clear titles to their ‘homesteads’). Their homes may not be readily salable, but the equity in their homes can be readily ‘monetized’ via a 1st mortgage.

Please refer it to a department where it will receive a direct response.

Thank you

How do CRAs treat early payments by consumers ?

This unused (readily ‘monetized’) property value goes UN-recognized by the Credit reporting companies. (brokerage/ investment ‘margin’ lines of credit also go un-recognized by credit reporting company’s algorithms…)

Credit scores reflect little more than credit card capacity & credit available.

Does Equifax have long terms plans to include the unused property value of real estate in it credit scoring algorithm ?

The last holder of the mortgage was NOT a member of Equifax Transunion, Experian, et. al.

I have sent copies of the discharge document to Equifax, only to
receive form letters stating, ‘mortgage not reporting.’

Equifax, Transunion & Experian routinely search the public record for defaults, foreclosures, bankruptcies, deaths, divorces, judgments, tax liens & criminal convictions & enter them into credit files.

Discharged mortgages are not routinely entered by the credit reporting companies. Why is this the case ?

And how does one have their paid-off, discharged mortgage entered into their credit file ?